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How to Sell a Los Angeles House that is In a Trust

cash home buyers in Los Angeles A trust is a financial structure that can on assets separate from individual ownership. Assets are placed inside the trust and at least one Trustee is named to manage the trust assets aptly. The Trustee has a duty to serve in the trust’s interests and fulfill any conditions defined when the trust was formed. The trust beneficiaries are those paid or benefited by the trust assets. One common example is an inheritance trust in which wealthy parents leave a trusted friend or financial advisor as the Trustee of a trust designed to pay their children an income or dispense specific inherited assets without the hassle of probate.

It is very common to place homes and properties inside the trust for a number of reasons. Properties in a trust can be handled in a more business-like manner and they also avoid the management delay of probate should the homeowner pass away. Of course, under California law, selling a home inside a trust can be a challenging situation. It helps to understand how the trustee/beneficiary control of trust property works along with how to sell a trust home for the benefit of the overall trust assets or for the beneficiaries themselves.

 

TRUSTEES SELLING A HOUSE IN THE TRUST

When a house is inside a trust, the most likely person to sell is the trustee. Trustees are often charged with maintaining the trust assets and growing the value of the trust. The trustee has the discretion to sell a house fast inside the trust as long as it is not a specific gift to a beneficiary or disadvantageous to the trust itself.

 

THE FREEDOM TO SELL

If you are the trustee of a trust that includes residential property, you can usually choose to sell it to benefit the trust. This can include a specific house or a collection of residential investment properties. Be sure to check the terms of your trust, intended specific gifts, and weigh the choice to sell on the benefit to the trust assets as a whole.

 

OBLIGATION TO THE TRUST

Trustees have freedom to act with trust assets, but only within their obligation to the trust and the trust beneficiaries as they are intended to be benefitted.

 

sell house as is for cash TRUST BENEFICIARIES SELLING A HOUSE FROM THE TRUST

Trust beneficiaries rarely have full control over trust assets, as many trusts are designed to separate the controlling trustee and beneficiary roles. This is both to protect trust assets with a neutral managing party and to ensure that beneficiaries are not saddled with the burden of trust management -especially if beneficiaries are minors when the trust is formed.

However, if you are a beneficiary and receive a home as a specific gift, then you can choose to sell the property out of the trust assets.

 

GIFTED HOUSE FROM A TRUST

A house in the trust assets usually serves as value that is then provided in a structured way to the beneficiary. But you can also receive the house as a specific gift from the trust or trust originating documents.  When a home is given as a specific gift, the trustee must transfer the title and the beneficiary becomes the legal owner. Even if the house is still officially inside the trust, beneficiaries can then make arrangements to sell the property as they see fit.

 

WHEN TO SELL A HOUSE IN A TRUST

So when can and should you sell a Los Angeles house that is inside a trust? It’s all about the circumstances that are best for you, as a beneficiary, or for the trust if you are a trustee.

 

TO BENEFIT THE TRUST

Trustees can sell trust property like homes to benefit the overall assets of the trust. For example, if the home’s value has increased and selling it would increase the overall value of the trust assets, this can be considered a trust-beneficial home sale.

 

TO PAY THE TRUST DEBTS

Like a person, a trust can accumulate debts as a separate asset-holder. If this happens, selling a trust-owned house can be seen to benefit the trust and pay the trust debts. Likewise, even a home that has been given as a specific gift may be sold if it is the only available asset to pay estate or trust debts.

 

TO DROP UNPROFITABLE PROPERTY

Not all homes are profitable to own. Regional economic downturns or high maintenance costs can make a house unprofitable for both the trust and any specific beneficiary.

 

WHEN YOU LIVE TOO FAR AWAY

Sometimes, selling a house out of its trust is a practical logistical decision. Both beneficiaries and trustees may choose to sell a trust house under the right circumstances if distance stops them from maintaining the home for profitable benefit.

 

WAYS TO SELL A HOUSE IN A TRUST

Now that we’ve covered the complex who, why, and when of selling a house inside a California trust, let’s talk about your options. If you are a trustee in an approved home selling situation or a beneficiary specifically gifted a house inside the trust, you can choose to sell using the usual available avenues. Of course, it will help to have a knowledgeable team to assist the property ownership transition from the trust to the new buyers.

 

REAL ESTATE MARKET

You can choose to sell your trust home in the mainstream real estate market. For homes that are in great condition and already move-in-ready, this can be a good choice. You will, of course, need to also jump through the usual hoops to prepare the home for market, work with real estate agents, attract buyers, negotiate, and then navigate closing.

 

Los Angeles Cash Home Buyers HOME REHAB BUSINESS

The real estate industry only works for homes that are ready for it. If the property is shabby, needs serious repairs, or if you need to sell quickly without delays, then the typical agent-buyer process may not be right for you. The alternative is to sell to a professional home rehab team like Sellers Advantage. After one no-obligation appraisal, we’ll make a cash offer that you can close in just a few days from accepting our bid. Because we are professional rehabbers, we specialize in taking all the concerns of home-selling off your hands.

 

If you have inherited a trust home and are far away or don’t have the time to sell, we’ll take care of the hassle. If you need to sell a trust-owned home quickly for the sake of the trust, we’ll get you the cash value and take a costly property off the trust asset list.

 

PROFESSIONALS WHO CAN HANDLE  A TRUST PURCHASE

Last but not least, be sure to work with professionals who have experience with trust properties. Because a trust is owned through a financial structure, it requires a few extra steps to transfer trust-owned property cleanly. Professionals with these skills include estate lawyers, financial managers, real estate businesses and some real estate agents.

 

SELLER’S ADVANTAGE FOR LOS ANGELES TRUST HOMES

Do you need to sell a Los Angeles house fast that is inside a trust? We can help. The Seller’s Advantage team has worked with all types of home buyers, many of them trustees and trust beneficiaries. Whatever your situation, we can make a cash offer and help you quickly close the necessary paperwork. Contact us form or give us a call at 949-506-3973 to schedule a no-obligation appraisal for your property.

How Do I Sell My (LA) Los Angeles Rental Property Quickly

sell my bad rental property Owning a Los Angeles investment property should be a rewarding experience and a profitable asset – but what if it’s not? There are many reasons why you might want to drop an investment home as soon as your last set of tenants is gone.

When that happens, you don’t have to jump through the hoops of the traditional housing market. You don’t have to repair, upgrade, renovate, repaint and stage the house. You don’t necessarily need to advertise for buyers, wait for bids, negotiate, and close. You don’t even need to worry about closing costs and paying real estate agent commissions. When you want to get a rental home off your hands fast, you have options.

TENANTS ARE LEAVING: THE RIGHT TIME TO SELL

LA rental homes are managed through leases, which are legally binding for both tenants and landlords. The lease guarantees a home to the tenants for the duration – usually a year – and the home can’t be decommissioned as a rental property during that time. So the best time to sell an investment home is at the end of a tenant’s lease. You can let your tenants know that lease renewal is not available or you can take advantage of a tenant’s plans to move out to time your escape from investment home ownership.

The good news is that you can start making plans as the end of the last lease approaches. Often, you can arrange for potential buyers to begin investigating the house the day after your tenants complete their move-out.  With the right buyer, the house could be off your hands in days, not months, after your tenants depart.  All you need are the right buyers with the resources to buy quickly.

SELLING YOUR RENTAL HOUSE TO A FLIPPING BUSINESS

Home ‘Flipping’ is the business practice of buying shabby houses and reselling them once improvements are made. This brings homes in poor condition or even trashed homes back into the fold of move-in-ready homes on the traditional real estate market. Individuals can flip one house at a time, while companies like Seller’s Advantage can buy and rehab homes on a much larger scale.

If you need to sell a Los Angeles home fast that is not in pristine condition, or to sell a home in days rather than months, then selling to a home flipping business is often your best choice. Here at Seller’s Advantage, we take the effort of polishing a home for move-in-ready sale off your hands. Selling a home on the real estate market requires repairs and buyer negotiations. If you need to sell for the home’s current value fast, then you can leave the rest in the hands of professional property-flippers like us and walk away with the cash.

Call Seller’s Advantage to schedule a no-obligation inspection and appraisal. We’ll give you a quote and you can have cash-in-hand in just a few days if you accept the offer.

REASONS TO DROP AN INVESTMENT PROPERTY

Sometimes, it’s a personal choice. Often, it’s a practical business decision. For those highly motivated to drop a property, there may have been a recent bad experience that has soured your enthusiasm on renting to tenants or renting that particular property.

Here are some of the most common reasons why a homeowner might want to quickly sell an investment property:

INHERITED A RENTAL HOME THAT YOU DON’T WANT

Many people retire with a few rental home properties as maintenance income. When those no mortgage homes are inherited by relatives, the heirs may not be as interested in landlord responsibilities and expenses. The investment home might be too far away or you might not be prepared to take on the landlord role. You may even have tried and disliked the business before. If you have inherited a rental home, you can have buyers ready before probate has fully released the property.

LOCAL MARKET IS NO LONGER PROFITABLE

Investment properties should be managed in areas that generate a profit – balanced by the home maintenance costs. This involves many factors including local rent averages, by-neighborhood rent, and the local economy surrounding each rental home. If you have a property that is no longer profitable to maintain and continue renting, then a quick sale may be the perfect solution.

READY TO RETIRE FROM BEING A LANDLORD

Being a Landlord can be quite involved, and good landlords often treat investment ownership like a full-time job. So when you’re ready to kick back and enjoy your post-career lifestyle, you may also be ready to step down from the landlord role and pass the baton to someone else who will provide affordable housing to local families. If you don’t want to worry about the hassle of home prep for real estate market sale, then you can find a business buyer like Seller’s Advantage for a quick and easy offloading experience.

HOUSE IS TRASHED BY PREVIOUS TENANTS

It’s an unfortunate but common occurrence that rental homes are badly damaged  and occasionally wrecked by the last set of tenants. When the deposit doesn’t even start to cover the damage, it may be more cost-effective to simply drop the property for whatever it will sell for. The real estate market was not built to sell trashed homes, but there are teams like ours that have the resources and know-how to rehab a house even after it’s been wrecked by disrespectful tenants.

RENTERS COULDN’T PAY RENT AFTER COVID

Investment home profitability may have been impacted very recently by the COVID impact on tenant finances. If your rental property is suddenly costing you money because renters can’t pay, you may need to make some emergency financial decisions. One of those options is to quickly sell the house as soon as your tenants are moved out to recoup the value and stop further maintenance-cost losses.

HOME NEEDS MAJOR UPGRADES YOU CAN’T AFFORD

Rental homes also accrue cost over time. Ever few years, you’ll need to install or upgrade something major like replacing the water heater or reinstalling the roof. If the rental revenue has not been enough to cover these expenses, it may be time to drop the property. Of course, the real estate market is a poor place to sell a house with maintenance needs, but there are speedy buyers like Seller’s Advantage who can take on a shabby house without concern.

COVID HAS CHANGED YOUR PLANS

Last but certainly not least, the pandemic may have changed your personal plans. Many people are pulling back their investment ventures, focusing on business closer to home, or changing their career plans entirely in response to pandemic conditions. This is something we completely understand and are here to help with.

sell house as is for cash DO YOU NEED TO SELL A RENTAL INVESTMENT HOME RIGHT NOW?

Rental homes are not always as profitable as we planned. If the home is damaged, needs serious maintenance, or if the economy just can’t provide the rental revenue you need for upkeep then it’s time to drop the property. You might be getting rid of one property or dropping out of the landlord business entirely. No matter your personal plans, what you need is a quick cash solution instead of the usual real estate hoops to jump through.  Sell your California house as is in any condition to Seller’s Advantage.

If this sounds like your situation, Seller’s Advantage is here to help. Contact us form or give us a call at 949-506-3973.  Schedule a no-obligation home inspection and appraisal, then accept our cash offer to close within days.

No matter your reasons, we’ll help you move a rental house off your hands so you can move on with your personal life, business, and financial plans without the burden of an unwanted property.

Are You Fed Up with Los Angeles (LA) California and Just Want to Move Away?

Are You Fed Up with California or LA and Just Want to Move Away? How to Sell Your House Fast

For those living elsewhere, LA seems like a glittering dream. Moving to California is often considered the first step to following a career in music, movies, and productions of all types. Of course, for those who grew up in California or for those that have already found the reality of LA rarely share the same enthusiasm. California is fast-paced and demanding place to live. The traffic laws, labor laws, and taxes are all considered strict compared to the rest of the nation. And with COVID shutting down swaths of productions, many people are suddenly realizing that California is not the hottest place to be right now. In fact, you might want to cut and run altogether.

 

sell my house fast Los Angeles california (LA)

FED UP WITH CALIFORNIA? TIME FOR AN EXIT STRATEGY

This is a sentiment we’ve seen more than a few times, and naturally we understand. LA is only the right place to be when conditions are perfect, and your career is moving forward. With shows and other industries on indefinite hiatus and constantly changing lockdown status, it may be time to get out of the city. Maybe even all the way out of the state.

Whether you’re moving for a better job or just because you’re fed up with being in California, your exit strategy doesn’t have to slow you down. Even if you own a home in California, you can still make plans to get out quickly with the right business partnerships to take care of the details. You can sell your home fast in Los Angeles and anywhere in California.

SELLING YOUR CALIFORNIA HOUSE TO GET OUT FAST

When you’re ready to leave a place, sometimes you’re ready to go -Right Now- and waiting just won’t do. Maybe you absolutely must move for a new job. Maybe you can’t take another 6-months with a noisy neighbor or intolerable commute. You could throw your stuff into the car and drive somewhere new, but home ownership can hold you back.

The process of selling a home is involved and can take months – sometimes more than a year. You don’t want to wait that long, but you also want a decent price for the house to help you start again somewhere new. You’ll need to sell the house quickly to achieve your escape on time. While you could try to rush a real estate agent, there’s a better way. Direct selling is a friendly option for any homeowner in a hurry to drop a residential property for cash.

SELL DIRECTLY TO SKIP THE HOUSING MARKET HASSLE

Direct selling a home is different from listing it on the housing market. On the housing market, you need to repair and perform maintenance. You’ll need fresh paint and deep-cleaned carpets. Then you need online listings to entice buyers, then wait for buyer bids, arrange escrow, then conduct negotiations. Then close the contract, exchange funds, and finally hand over the keys.

With a direct sale to a team like Seller’s Advantage, the house is appraised, an offer is made, and you could be trading the title for cash within a week of first contacting your direct home buyer. Direct buyers are usually larger companies that specialize in quickly buying homes – often not yet ‘move-in’ ready. This saves you worlds of trouble and hassle compared to listing on the housing market. No need to clean extra deep or repaint, we’ll do whatever needs doing after the purchase. No need to stage to inspire buyer imaginations, we know how to see the value and potential in every home after a quick tour.  No need to conduct negotiations, you can accept the cash offer or decide to try another option.

When it comes to cutting the delay and hurdles out of the home selling process, selling to a cash buyer is the way to go.

HOUSE IS DAMAGED OR NEEDS MAINTENANCE? NO PROBLEM!

What about if your California house needs some real maintenance before it’s market ready? What if the basement has water damage or the house needs re-roofing? No problem. As a direct buyer for California homes, we at Seller’s Advantage are no strangers to maintenance issues.

In fact, we take pride in turning ‘as-is’ houses into polished homes that a family would be proud to live in. So, if your California house needs work, don’t worry about investing your time or your own funds into repairs. We’ll buy the home as-is with consideration for any existing damage or serious maintenance concerns.

SELLING AN INHERITED CALIFORNIA HOME

You can also quickly sell a house that you inherited. Home inheritance is not always as nice as it sounds. If you have no interest in living in California or becoming a homeowner in Los Angeles, than the home likely isn’t your dream property. Turn that inherited house into an asset by allowing the pros to take over. Collect the keepsakes and belongings and we’ll do the rest after paying you cash for the property.

 

CALIFORNIA HOME SELLING WHEN YOU’RE OUT-OF-STATE

Direct home selling in California is also a good solution when you’re out-of-state. Whether you’ve already made your escape from LA and are living comfortably in a new place or you’re selling a property you’ve never lived in – you don’t have to be present to directly sell a house. As a house-buying company, Seller’s Advantage doesn’t need real estate agent guidance or seller hand-holding to appraise your property. You don’t have to fly out and give us a live tour. You don’t have to personally hand over the keys. We’re here to clean up unwanted properties and to help homeowners who can’t make it personally to conduct the sale.

YOU SET THE SCHEDULE, WE BUY YOUR HOUSE

You can also set your own schedule when it comes to selling the house. If you need the cash by a specific date, we can conduct the home sale fast. If you need to hold onto the house until your new residence is ready, we can wait until the best time for you to make the sale. Because we’re not personal buyers, we are glad to cater to you – the seller client. If you have scheduling needs regarding exactly when you sell your California property, we can meet you whenever is most convenient.

 

QUICKLY ACQUIRE FUNDS FOR A NEW DOWN PAYMENT OR INTERIM HOUSING

Finally, selling your California house to a direct buyer means that you can also quickly acquire a down payment for your next home. If you’re buying a house in another state or down the road, we know that the down payment often comes from the proceeds of the previous home sale. Let us get that sale out-of-the-way without all of the hassles and time delays that come with selling with a real estate agent. You can know the exact date when you will receive your cash proceeds and the date you can take ownership of your new house far away from the stressful LA traffic.

 

If your fed up with LA or California and want to just move away, consider asking Seller’s advantage for a cash offer to buy your house right now. Fill out the Contact us form or give us a call at 949-506-3973 to schedule a no-obligation home inspection and appraisal with Seller’s Advantage. If you choose to accept our cash offer, we can close and purchase your home in just a few days.

 

 

How to Quickly Sell an Inherited Los Angeles House with No Mortgage

How to Quickly Sell an Inherited Los Angeles House with No Mortgage 

sell your home fast for cash The real estate industry is complex and extremely social. The process of buying or selling a house involves dozens of meetings for inspectors, repairs, painting, staging, not to mention meeting a slow parade of buyers. For most sellers, this is a rewarding experience that mirrors the careful decision-making of the buyer. But not every home sale can occur at a leisurely pace.

Many sellers don’t have the time or availability to prepare their house for sale. In some situations, you may not have planned to own the house in the first place. This most often occurs when a home is inherited by someone too busy or distant to handle the home sale by themselves. The goal becomes to sell the house for profit before the property can take deteriates from renters or vacancy. If this sounds like your situation, we’re here to tell you that there are solutions. Inheriting a Los Angeles house doesn’t have to mean tackling the Los Angeles real estate scene.

Let’s explore a few of your options to quickly profit from selling a mortgage-free inherited Los Angeles home.

 

AVOID LEAVING THE HOME VACANT FOR TOO LONG

The first and biggest concern for most house inheritors is vacancy. Homes are not meant to be left empty, especially a recently lived-in home. There are many reasons to avoid leaving a home unlived in for too long.

  • Removing pets, food, and house plants
  • Maintaining temperature and humidity
  • Cost of property tax and utilities
  • Risk of squatters or vandals
  • Water and gas leaks

A vacant home is a ticking time bomb of slowly increasing cost and risk. The longer a home is not lived in, the more likely maintenance problems will arise or vandals will be attracted to the unmonitored property. The longer you own the home, the more utilities and property tax will need to be paid.

 

MOVE PERSONAL BELONGINGS TO PERSONAL STORAGE

sell house as is for cash The first step when you inherit a home is to address the personal belongings inside. Handling the estate may have bequeathed specific items and furniture, but many of your loved one’s items of daily life have yet to be addressed. You may not have the time or even live close enough to the house to sort it all efficiently, but your loved ones personal items still deserve sorting and respect for when you have the time.

Personal storage is the smart answer and the best way to get started when selling an inherited house without a mortgage. A moving service can help you to respectfully pack up everything and even clean out perishables in the kitchen when you can’t make it into town.

 

DON’T SPEND ON A CONCIERGE BROKERAGE SELLING SERVICE

Now how do you sell the house quickly, before the time the house is vacant becomes too long or costly? One option is to hire a brokerage to find you an individual buyer. It takes a serious investment to prepare any lived-in home for sale. The term Move-in-Ready will be thrown around, which means repairs, maintenance, fresh paint, and staging each come with their own cost and time consumption. If you have copious funds to invest in selling the house hands-off, there are services that can take care of the process. They will likely still ask you to approve the various expenses, viewings, open houses, buyer bids, negotiations, contingencies, and finally the settled price. When that’s over, the agent, broker, and closing fees will come out of the house profits.

This is an industry option, but if your interest is speed or cost-efficiency, it’s not necessarily the best option. Just the best way to automate a typical home sale. Fortunately, you don’t have to conform to a typical house sale to get the home’s value quickly and ensure the house isn’t vacant too long.

 

SELL THE HOME AS-IS

Your other option is to sell the house as-is. Preparing a house to become move-in ready takes repairs and touch-ups. Sometimes new floor or paneling is needed before the house is ready. Selling the house as-is means you can skip all of that. The best part is that selling your house marked “as-is” is a flag for buyers who don’t care about a move-in-ready property. It’s an honest and practical way to sell a home that doesn’t require you to pour cash into preparing it to be pretty.

In fact, there are several types of buyers that are eager to find as-is homes on the market even when its slow. Home flippers and eager young couples who want to fix up their first starter home are among the more well-known buyers of as-is homes, but there are also large-scale investment buyers who can always be counted on to pick up an as-is home when sellers need a reliable and expedient sale.

 

AIM TO SELL FOR CASH

Normally, sellers are paid through a complex system of escrow accounts and the bank paying out the buyer’s loan. Then there’s paying your real estate agent, the buyer’s agent, your brokerage, your lawyers, the title office, and all the other  closing costs. There’s a simpler option here, as well. When selling as-is, you’re more likely to find a buyer who can buy directly with cash. This means money in your hands with much less banking hassle. If selling without real estate agents, you don’t even have to worry about a large portion of the closing cost hassle.

 

FIND AN INVESTMENT BUYER FOR AS-IS HOMES

Los Angeles Cash Home Buyers Last but certainly not least is the expedience of an investment buyer. Individual buyers take real estate agents to handle the transaction, but investment buyers often have the entire process ready to make it easy for you. We know how this works because here at Seller’s Advantage, we streamline the buying process. You don’t need an agent to get a free assessment and bid for a cash-sale of your inherited house. You also don’t need to worry about repairs or a staging the house – we know how to see a home’s potential beyond shabby carpet and old appliances.

Selling as-is to an investment buyer like Seller’s Advantage is the best way to prevent vacancy damage to the home, avoid accruing homeowner costs, and obtaining a fair cash payment for the property.

Inheriting a home free and clear doesn’t have to result in a debacle to clean, prepare, and sell the house. Let us take care of the process turning your relative’s home back into a warm abode for modern families. We’ll pay you cash so you can stop worrying about the property and mourn your loved one without lingering concernsContact us today to talk about selling your Los Angeles house without a mortgage.

Sell Your Los Angeles Home to Cash Home Buyers

Cash Home Buyers in Los Angeles California will Buy your house fast

cash home buyers in Los Angeles From personal relationships, retirement, work-related issues to physical surroundings, there are limitless reasons for selling your home, and doing it fast. You are probably getting a divorce, or you want to move to your dream house. Maybe you are experiencing deferred maintenance issues, or you got a permanent job in a different state, and you have to move as soon as now.

What does not seem like a fit home for you is someone else’s dream home. Nonetheless, the real estate market is currently unreliable, especially amid the pandemic. Many desperate people have had their homes listed for sale for months without getting any bidding.

How do I sell my house fast in Los Angeles slow market? The secret is to sell your home for cash to an investor. Contrary to the common belief that involving real estate agents when selling or buying a home is the safest and fastest method, it is never a reliable choice when you want to sell your house fast in Los Angeles during slow market time.

Benefits of Selling Your House for Cash

Selling your house fast for cash comes with lots of benefits. It has become many people’s go-to option and if you are skeptical about the idea, check out our blog for the many benefits to expect, which include.

Get Your House Sold Fast

Whatever the reason for selling your home, doing it through cash buyers guarantees you a fast sale. The buyers are committed to helping sellers that need urgent cash, and the best part is that you do not need to clean, repair or renovate the house to attract buyers as you would if you had to list on realtor listing pages. The cash buyers buy the home as it is, pay in cash as soon as you agree, and immediately close the deal. There is nothing like waiting or closing period. A week is enough to complete the entire process and hand over the house to the new owners.

No Repairs Needed

Real Estate investor may not be an agent or Realtor Investors who buy houses for cash understand that you are probably working under money and time constraints. They aim to make things easier for you and will not burden you with repair and maintenance. Cleaning and renovation are among the most time-consuming tasks when listing your house with realtors. You must keep the house in its best state to attract fast buyers amid other listed homes, but this is not the case with cash buyers. They buy the house as it is and handle the repairs themselves. Upon contacting them, they will get back to you within 24 hours. You can then agree on the most convenient time for them to come and view your home. You will discuss the value, and once you agree on the offer, they hand over the cash, and you hand over the key. No hassles, no money spent to convince them that your house is the best choice.

You Do Not Have to Be Present to Close the Deal

All it takes to sell your home to an investor is a phone call. You do not necessarily need to be present to close the deal. If you are out of state, the cash buyers can take care of everything, and you will receive your money as agreed. You can chat over the phone to give them the necessary information about your house and why you think it deserves a certain amount. The buyers will then head to the house, check the neighborhood background, assess the property value, and get back to you.  All these take place within 24 hours. If you are impressed with the offer, they can move forward with the documents’ preparation, and the sale can be closed within seven days.

No Agent Fee

Again, the buyers understand that you might be selling your home because of urgent cash needs. They will not stress you more with agent fees or ask you to commit to a six months contract. There are no unexpected expenses or commissions to start the sale process as the goal is to help you through difficult times.

Little to No Risk

The investors pay for the as-is property in cash, which minimizes the uncertainties that come with the mortgage application. Most people have suffered in the hands of lenders after promises or approved for a loan only for the lender to change their minds later due to the borrower’s creditworthiness. Before signing the property sale agreement, the investor should show proof of funds, whether in cash or check. This assures you that you will have your money as soon as you hand over the home to the new owners.

No More Hoping and Waiting, Sell it Now

Perhaps you are amid a bank foreclosure. You have tried listing your home for sale, but months later, there are still no bids. You are on the verge of losing your home without a penny to take with you. Note that when the bank forecloses on your property, you stand to lose lots of money that you had invested in it. Cash buyers come in to save you from such situations, and you can stop hoping and waiting for someone to gain interest in your house. You can close the deal fast before the bank closes your home and pay whatever you own the lenders while keeping the rest of the cash.

Take Away

Selling a home can take a lot of time and money that you may not have. Your primary goal may be to receive fast cash to relocate to your new home or avoid foreclosure. Selling your home to cash buyers or investors is the easiest way to go. However, as much as you badly need to sell your house, you should not let the pressure push you to make a hasty decision. Take your time to find trustworthy and reliable buyers for a fast and seamless sale process.

If your Los Angeles housing market is slow and no one is bidding on your home, consider asking Seller’s Advantage for a cash offer to buy your house right now. Fill out the contact us form or give us a call at 949-506-3976, schedule a no-obligation home inspection and appraisal with us, accept our cash offer, and close within days.

How to Sell a Los Angeles House Fast in a Slow Market

sell my house los angeles ca Los Angeles County’s real estate market can be volatile. What was once a thriving market a few months ago can turn lethargic overnight. Los Angeles’ current housing market is in unforeseen territory right now. That’s thanks to the response to a global pandemic, depleted job market, and an upcoming election season. California’s unemployment rate is at a staggering 15%. The stay-at-home orders in July essentially froze the housing market and concerns over COVID-19 are still looming large. Some would-be home buyers are taking the “wait and see” approach, choosing to wait until next year (or even longer) to make a move on buying a new home. No one is sure is the housing market is going to boom or experience a big crash.

That’s leaving a lot of sellers in crisis. Many sellers need to sell their Los Angeles homes as quickly as possible, but if there are no buyers, that means their property could be sitting on the market for months (or longer!). Meanwhile, the property continues to drain their bank account and put a strain on their finances. They are desperate to find a way to sell their home fast, but what can they do?

Seller’s Advantage has some suggestions for speeding up the sales process. We also have the secret for selling your Los Angeles property today.

ARE YOU STUCK WITH A PROPERTY YOU NO LONGER WANT AND NO ONE WANTS TO BUY?

Just because buyers are choosing to wait to buy doesn’t always mean you can choose to wait to sell. People who need to sell their home now have a valid reason to do so. That might include:

  • Going through a divorce and need to split the assets in the home (probate)
  • Moving for a job offer and need to free up the cash in your home
  • Inheriting a house that you can’t afford to fix up or keep

Whatever the reasons, if you need your Los Angeles property to sell quickly, it can be stressful waiting for a slow market to bring a buyer to your door. If you want to bring in more potential buyers, you’ll have to make sacrifices to get an offer.

WHAT YOU NEED TO DO TO SELL A PROPERTY QUICKLY IN LOS ANGELES

If you are really motivated to sell, there are some things you can do to increase your chances of getting an offer. One thing to keep in mind, though, is that even once you have an offer, it takes about 30 to 40 days to close. That’s if everything goes smoothly, too. A lot of initial offers will fall through when it comes to financing. However, if you do these things, it may help you find a buyer faster.

PRICE IT UNDER MARKET VALUE

Lower prices will bring in more offers. If you price it too low, though, you may end up scaring potential buyers who are wary that the price is too good to be true. They might not want to put in an offer on a house they assume is falling apart, even if it’s actually in great condition.

DO ALL NECESSARY (AND SOME OPTIONAL) REPAIRS

People love buying homes that they can personalize but that doesn’t need any major repairs. You can invest your money and time into getting all those jobs done, including a few that aren’t really needed. Things like a new roof, new water heater, and new appliances can be a big draw to potential buyers. Unfortunately, they will be a big drain on your bank account first.

THROW IN LOTS OF EXTRAS

Buyers are more likely to show interest when they feel like they are getting lots of value for their money. That might be a carpeting allowance or including the patio furniture in the deal. If they ask for it, give it to them if you can. Do what you can to make it a good deal for them, but be aware it could mean more money out of your pocket.

The problem with all of these suggestions is you could end up investing a lot of your own money before you can complete the sale of a property. How much you lose will depend on how much you are willing to spend and how long you want to wait.

These aren’t your only option for selling a house fast in Los Angeles, though. A lot of sellers are finding that the quickest way of selling their home is also the most convenient. That’s working with Seller’s Advantage.

THE QUICKEST WAY TO SELL YOUR LOS ANGELES HOME OR RENTAL PROPERTY

SKIP THE TIME, MONEY, AND HASSLE AND SELL TO A CASH BUYER

If you aren’t getting an offer on your home, consider getting a quote from a cash buyer. This is the fastest, easiest way to sell your home, even in an uncertain market. Here is why it works:

YOU DON’T NEED TO DO ANY REPAIRS.

Cash buyers will buy your property as-is and do the repair work themselves. That can save you thousands of dollars in material and labor costs as well as shave months of time off of your sale.

THEY CAN MAKE YOU A CASH OFFER THE SAME DAY.

Cash buyers are investors with money in the bank ready to buy your property. So after an initial assessment on the property, they can make you an offer online right away. There is no need to wait for a qualified buyer to show up.

IT’S GREAT FOR OUT-OF-STATE SELLERS, TOO.

If you own a property in Los Angeles that you need to get rid of fast, a qualified cash buyer can close on the property without you needing to travel. That cuts down on your personal expenses and can save you money.

READY TO SELL YOUR LOS ANGELES HOME TODAY?

Seller’s Advantage can make a cash offer on your home right now. There is no need to sit around and hope for an offer on your home or rental property any longer. Instead, you can sell your home fast and get the money you need from it sooner. The process of selling your home fast in Los Angeles has never been easier. Here is how you can do it in three easy steps:

  1. Fill out the online form or call Seller’s Advantage at 949-506-3973
  2. Schedule a no-obligation home inspection and appraisal with our team
  3. Accept the cash offer and close within a matter of days

 

Don’t wait for months to get an offer and more time hoping for it to go through. Working with Seller’s Advantage means you skip the financing process and move right to the sale. It also means you are working with a trustworthy and reputable company. We have experience in buying properties from Los Angeles homeowners and doing it fast.

 

Ready to sell your Los Angeles property today? Get your free, no-obligation cash offer from the Seller’s Advantage team today.

The Big Benefits of Selling Your House Today to Cash Investors

According to Zillow, it takes between 65 and 93 days to sell a home in the United States. Some homes can take much, much longer, especially if they aren’t in desirable neighborhoods or in perfect condition. Factors like lack of curb appeal, damage from tenants, or needing upgrades and repairs can all slow down a sale. You can take time to address those concerns, investing your time and money into the property in the hopes that your hard work will pay off. But sometimes you don’t have the time, money, or skills required to fix up a home for the market. Sometimes you just need to sell a property in California, like Los Angeles fast. Waiting months for the property to sell just isn’t an option.

Maybe you need access to the cash, need to get out from under an investment property, or just don’t want to wait for the “right” buyer to make you an offer. If that’s the case, selling your house today to investors can speed up the process and help you get rid of an unwanted property in as little as two weeks.

Why You Should Consider Selling Your Property to a Cash Buyer

When you decide to sell your home, investment property, or a house you’ve inherited, you’ll need to choose how you want to sell it. There are three primary options:

  1. Listing the home through a real estate agent
  2. Selling it yourself as a “For Sale By Owner”
  3. Selling to a cash buyer

How do you know which one is the right option for you? You’ll need to know the pros and cons before you decide. That way you can determine which method is best for your budget, your timeline, and your property.

Pros and Cons of Using a Real Estate Agent

This is the most popular way to sell a home, but it’s also the most expensive. Real estate agents get around 6% commission on your sale. They may split it between two agents (the buyer’s agent and the seller’s agent), but either way, it’s a big chunk of your profits. The average home price in California is around $575,000, making the average commission an eye-watering $34,500. You can try to negotiate the commission rate or try to get the buyer to pay the fees, but in most cases, that money is coming out of your profits.

So what are the advantages of using a real estate agent? You’ll have access to their mailing list. Real estate agents are good at marketing houses, and they’ll have a list of potential buyers to whom they can market your house. But if your house isn’t the kind those buyers want to purchase, then even the best marketing efforts won’t sell your property any faster. Real estate agents may be less motivated to sell a home that’s on the lower end of the market, too, since they’ll make less money on it. That means less effort to get the right buyers to your property for a viewing. They love pristine homes that are going to turn a quick profit.

Pros and Cons of “For Sale by Owner”

If you decide to try to sell your home yourself, the biggest advantage is the financial one. You’ll be saving yourself some or all the usual agent fees. That can be appealing to someone who wants to get the biggest amount possible out of the sale of their home.

But there are several downsides to this option. First, all the pressure is on you. You’ll be responsible for marketing, showing, and staging your home yourself. If you already have other family and work commitments, this can be a big demand on your time. Additionally, you’ll need to be patient. It takes a lot longer to sell a home yourself. Not only will it probably take longer to get an offer, but the process to actually close the sale will take a lot longer. This is an option best left to those who don’t mind waiting up to a year to close the deal.

Why Selling Your Property for Cash May Be Your Best Option

  • It’s a lot faster. Cash buyers are able to move a lot faster when it comes to purchasing your home because they don’t need to wait for approval from a mortgage company. There is no financing process to delay the sale. Once you accept the offer, a cash sale can close in as little as two weeks. That gives the title company enough time to check for liens and prepare the paperwork for the closing. Then, it’s just a matter of signing the documents and transferring the funds.
  • The house sells as-is. When you work with a cash buyer, you’ll be getting fair market value for your home as-is. That means the buyer will take into account any repairs needed as well as the general condition of your home. Because of this, you’ll get a fair price no matter its condition. There is no need to worry about curb appeal, no need to make a big investment, and no need to spend your time fixing it up. All you have to do is sign the paperwork and pack your bags.
  • It’s stress-free. Instead of waiting day after day for a phone call letting you know you have an offer, you’ll get a cash offer on your home today. That eliminates your concerns about when you’ll be able to sell and how much you’ll get for your home. You’ll have the answers you need today and can start making plans for the future.

The Easy Process of Selling Your Home Quick For Cash

Not only is selling your home to a cash buyer the quickest method, but it’s also the least stressful. You can sell your home in as little as three steps:

  1. Fill out the contact form or call our team at (949) 506-3973. Our team will gather some preliminary information on your property.
  2. Schedule a no-obligation home inspection and appraisal. Our team will walk through the property and make note of its current condition.
  3. Accept our cash offer and close within days. We’ll make a cash offer on your property that’s fair for the current condition and market. When you accept, we’ll get the paperwork started to close the deal.

Seller’s Advantage will offer you a fair price for your property. You have nothing to lose by calling for a free, no-obligation appraisal. If you aren’t happy with the offer, we’ll walk away. But if you want to sell your home quickly and eliminate the hassle and stress of waiting for a buyer, then let’s get the process started. You could close the sale in as little as two weeks by getting in touch with us today.

 

How To Sell Your California House Without A Realtor

Are you looking to sell your house in California, but don’t want to deal with the hassle of hiring a real estate agent, paying an extravagant commission, and dealing with hundreds of strangers trooping through your home? Have you considered an all-cash buyer?  You can sell your home without a real estate agent and the added inconveniences. Here’s a guide to selling your home by yourself and getting the most for your home.

hands-held-palm-up-with-simple-drawing-of-home-with-dollar-signs-in-hearts-coming-out-of-chimney-resting-on-hands-outdoors

How to Sell Your Home Without a Real Estate Agent

How To Sell Your California House Without A Realtor When you don’t want to sell your house with the help of an agent, your first step is to look for companies that pay cash for houses. You might consider using a company, such as Seller’s Advantage, to sell your home without wasting time or giving away your profit in the form of commission.

When selling your home, it’s always a good idea to start out by contacting companies in your local area that buy homes “as-is.” If you come up empty-handed after searching for companies that pay cash for houses, then finding a buyer on your own can be a fairly straightforward process when you know where to look. In rare instances, you may already have a friend, family member, or acquaintance interested in buying your home. There are many popular websites, such as Facebook and Craigslist, to list your home for free or a nominal fee. The more people who know your home is for sale, the higher your chances are of selling it quickly. You never know who’s in the market to buy a home.

When listing your home yourself, you need to take pictures of each room, the front yard, and the backyard. Make the photos look as flattering as possible. In the listing description, be honest about the condition of the home and any needed repairs. Also, stress the fact that you’re selling the home as-is.

When you find a buyer on your own, it eliminates many of the time-consuming aspects of a sale when an agent is involved. This includes time for the agent to find a buyer, negotiating the selling price with potential buyers, and numerous open houses.  Also, you won’t have to pay a percentage of the selling price as a commission to the agent.

Selling Your Home Without an Agent is Easier Than You Think

Real Estate investor may not be an agent or Realtor When you choose to use an agent, on their first visit, they’ll present you with a list of items to update or fix. It’s in their best interest to get you to pay for as many repairs as possible before listing the home, so they can increase the asking price. After the home sells, the agent receives a percentage of the sale. With the cost of repairs and commission, you can lose tens of thousands of dollars of profit.

By selling properties without an agent, you take the middle man out of the equation. This makes honest and open communication easier, so you can talk about the essentials. You can discuss how much the buyer can afford, how much work your home needs, and how quickly they can close the sale.

As a general rule, a cash buyer has the ability to close much quicker than a buyer who requires financing.  It also allows you to sell your house despite its condition, even if it’s in bad shape and needs substantial updates or repairs.

An experienced cash buyer will know the costs of renovation, the cash price they are willing to pay, and the timeline for closing. Schedule a time to have them walk through your home, and then openly discuss any repairs the home needs. You’ll enjoy the peace of mind that you’re working with a professional and develop a good relationship with them during the selling process. Companies that pay cash for houses pride themselves on making the home selling experience as quick and easy as possible.

The Differences Between a Realtor and a Real Estate Agent

A real estate agent is a professional who received a license after taking classes and passing a state exam. They know how to prepare contracts, help with your search for a new home, and assist in the sale of your existing home. The exam is open to anyone willing to take a few classes, and those that pass the test can obtain a license. Be careful, you don’t want to work with an unlicensed agent. Verify the licenses of all your potential agents online.

You can’t be sure about your agent’s motivations. In most cases, agents are out to make the largest commission possible, and that isn’t always what’s best for you. When you’re working with an agent, they most likely will call and email you more often than you like. You may find working with an agent time consuming, and then there’s the sign they want to put it in your yard!

Realtor vs. Real Estate Agent

In terms of responsibilities, there aren’t any major differences between a realtor and a real estate agent. A realtor also has a real estate license, but also holds a membership in the NAR. This is a membership in a professional trade organization for real estate agents. You don’t need to get bogged down in industry jargon and titles. You need to concentrate on selling your home for a good price. It doesn’t matter what title the agent uses. Real estate agents can sometimes come off as superior. With this arrogance, they can get you to spend more money than you want to, offer tours at a moment’s notice, and open your home to strangers.

You don’t need to enlist the help of any of these people to sell your home quickly. You might consider selling your home to a cash buyer who happens to have a real estate license. In this situation, the buyer can represent their company in the sale, but you won’t pay them a commission. The buyer profits after they improve and renovate the home.

Should You Sell Your House Without an Agent?

rental house in la If you can find one of the “we buy houses companies” in your area, you can sell your home quickly without the need to update your home. The cash offer you receive will be for the market value of the house in its current state. The buyer’s potential profit is made after all construction is completed and the home is sold. Given the condition of your home, the buyer gives you the best possible price.

This transaction can be handled without the help of an agent. You start by getting a cash offer from the company. Ideally, reach out to more than one of these companies and compare so that you get the best price.

You may find some companies willing to guarantee a price without seeing the property, while others won’t quote a price until after an inspection. If you’re pressed for time and need to sell quickly, it’s best to start arranging for inspections immediately.

You May Find It Easier to Get Cash Without an Agent

When you don’t have to communicate with an agent at each and every stage of the home-selling process, you can sell your house quicker. Cash buyers purchase homes fast. They can help people who find themselves in a tight position, such as homeowners who need money to avoid foreclosure or some other circumstances forcing them to move. A cash offer may be the only way to pay off the existing mortgage. It might also be a family’s only chance to get out from under an older home in need of expensive repairs.

hand-holding-keys-in-front-of-california-two-story-house-with-balcony

At Seller’s Advantage, we pride ourselves on being professional home buyers that will offer you a fair price for your home, let you choose the closing date, and give you the time you need to move out. We guarantee a quick and easy sale because you’re selling for cash! Call us today at 1-800-208-3243 or get your free, no-obligation offer at https://www.sellersadvantage.com/contact/.

How to Get Cash Out of Properties for Relocation or Retirement

How to get cash out of a property for relocation or retirement 

Why you should sell it for cash instead of listing with an agent?

get cash from a property for retirement or relocation Considering that the United States real estate market has improved consistently since the close of the Great Recession in 2009 (can you believe that’s over ten years ago), it’s likely that a market downturn is coming. Of course, we don’t know when that’s going to happen. We do know that it’s safe to say the Southern California real estate market is taking a hit right now due to the COVID-19 pandemic.

Not a single market will likely be free of the damages caused by the ongoing coronavirus concern, the entirety of the United States real estate market will face adverse outcomes.

Homes, which are owned by about two-thirds of all American adults, are already losing their market value. It’s almost certainly going to take a while for the market to rebound. Keep in mind that the real estate market hasn’t yet taken significant losses, though they’re on their way.

In order to prevent rapid asset depreciation, homeowners will be incentivized to sell their homes for cash as quickly as possible to relocate elsewhere, to invest, or to put back into retirement. This will be more common among older households, as they don’t have as much time to recoup their losses as younger homeowners.

So, how do you get cash out of land, buildings, or your home as-is? Let’s find out.

Benefits of selling your real estate property for cash

Did you know that the majority of young people think they’ll never be able to retire? This is true for most Americans who are currently getting close to retirement age. They simply can’t afford to not work.

With this in mind, shouldn’t you be as careful as possible in attempting to preserve the value of your assets?

Houses, buildings, and plots of land are three things you can’t bring with you when you move somewhere else. Even if you’d love to live in your current house in another state other than California, we all know doing so isn’t possible. Further, you might need to sell your house before moving in order to be able to afford the move.

Getting cash out of your property is highly recommended for such situations. Since most Americans aren’t exactly swimming in money, this recommendation will hold true for most people.

One of the worst things about renting, at least in the eyes of renters, is the idea that they’re essentially paying a mortgage every month in the form of rent, but those payments won’t ever materialize into anything of value.

Although renting can be superior to homeownership in some ways, the desire to have your home and land belong to you is essential for a significant number of Americans. After all, this is part of the American dream.

Real estate agents take a piece of the pie for their assistance with staging, listing, and providing you access to their existing networks of potential buyers. Although they know what they’re doing, they cost money that you very much need to be financially secure. This means it’s often a better idea to look elsewhere to sell your home or any other property.

Also, when you have a go at the real estate market, you stand the chance of spending money without selling your home, land, or other forms of real estate. This simply isn’t an option for many Americans, as they wouldn’t have any other means of recouping the loss. This is yet another reason why selling your home to businesses that buy homes, land, and other property for cash can be an ideal solution.

When compared to the process of selling a home with real estate agents on your side, selling your home for cash to buyers like us is a much more appealing option. You know what you’re getting when you work with companies that are willing to buy your home for cash.

You may have to take a discount compared to what you could potentially sell your house for if you sold it on the traditional market.

Home improvement, remodeling, and construction are areas where most American homeowners fall short, even though they’d like to think they’re skilled in all of these departments. Think of it this way, if you had a home improvement project you started, then later decided it was too much work and gave up on it, what would you do? You would need to hire someone to complete or fix the job. Rather than investing even more time and money into this project, wouldn’t it be easier and less stressful to sell your home to cash home buyers like us?

Without further ado, here’s how to do it

It’s clear you’re interested in quickly converting your property into cash with us. Our home buying process has six easy steps.

First, visit our website and check out our online application form. The short, basic form doesn’t require you to reveal any important, sensitive personal information like your social security number. You can also call our office directly at (800) 208-3243.

Next, we’ll have a discussion with you where we learn all we can about the location, condition, and value of your property. We don’t typically ask people to provide us official house and property documents, such as land surveying maps or related information. We’ll take care of all that and consult appropriate local and state government agencies to learn more about your property if needed.

Third, after performing a market analysis, creating market sale price forecasts, and developing what strategies we’d employ to ultimately sell your home, we reach back out to you and discuss what we’d be interested in. At this point we will schedule a day and time to meet with you at your home.

 

In the fourth step, we will do an on-location inspection.  After the quick inspection we will be able to provide you with an as-is offer to buy your house for cash. Remember, when we do come to visit your property, and it doesn’t matter how far away it is from us, you’re not obligated to sell your home if you change your mind for any reason whatsoever. You also won’t owe us any money for inspection or service fees.

After we confirm the current condition of your property, the ball will be in your court. One of the best things about working with us is that you won’t be pressured to make any life-changing decisions by a deadline. Instead, since we understand that selling your home is a monumental decision for you and your family, we give you as much time as you need.

Sixth, if you agree on our offer, we’ll arrange paperwork and cash transaction. The entire process usually doesn’t take much longer than two weeks. We cover all closing costs, unlike real estate agents and many of our competitors. You won’t be surprised with any undisclosed costs or hidden fees, either – we promise you that.

The price we quote you will be the amount you find in your bank account. We always use secure real estate transaction escrows that are operated by trusted, independent, third-party financial institutions to keep you protected. This protects you in the event the sale doesn’t go through for some reason. You’ll end up still retaining ownership of your property.

Solutions

We operate regional headquarters in Southern California and service most CA cities like Riverside, Los Angeles, Oxnard, Ventura, and Costa Mesa.

We can even help you consider whether selling your inherited home, building, business, land, or a bad rental property is a good idea based on your current financial situation.

If you’re ready to take advantage of our speedy cash home buying services, visit us online or reach out to us as soon as possible. We can’t wait to do business with you and help you reach your goals, whether that be retirement, relocation, or something entirely different.

 

Tips for Selling a House in Poor Condition or Bad Shape

Selling a House in Bad Condition

Foundation cracks. Leaking roofs. Dangerous plumbing or wiring. Outdated HVAC systems. Lead or asbestos materials. If your house has substantial problems—whether aesthetic or structural—selling it on the open market is going to be a long, expensive, and possibly impossible process. Most buyers on the traditional market today are not willing to invest additional time, money, and frustration in a house requiring a prolonged repair process just to make it habitable.

In addition, buyers’ agents will actively attempt to undercut your asking price if they perceive such problems. This is particularly true in Southern California, where the real estate market is especially competitive and the standards for most home-buyers are above the national average.

For these reasons, one of the simplest solutions to sell a house that is in bad condition and still get the best value for it is to work with an experienced, accredited as-is buyer, like Seller’s Advantage. But if you do want to first consider trying to sell it on the traditional market, here are some important points to keep in mind.

Sell a house in bad or poor shap

Selling a house in poor condition

If you have decided to sell your house and you know that it has some problems that go beyond mere cosmetic fixes and cleaning, make sure that you take the time to get several competitive quotes from contractors so you can work up a cost-benefit analysis to determine whether or not it is a good idea to go head with repairs. Make sure that the contractors fully inspect the property and try to work with a range of different sized companies.

Be aware that selling a house that requires work to bring it up to code or make it livable can often require a significant investment of time, money, and frustration. It will also likely require obtaining additional local permits and undergoing additional inspections. Renovation loans can help cover the costs of these added expenses, but they have a major negative impact on the final bottom-line value that you end up getting for the house.

Research your local real estate market and make certain that you are comparing your property to others that are in an equivalent state of disrepair. Do not make the mistake of trying to assess the value of your home based on comparisons with properties that are in significantly better condition. This can give you a skewed and potentially misleading understanding of the house’s real value. Bear in mind, also, that if there are comparable homes in your area that do not require additional work, you will have a much harder time selling your house for a satisfactory price.

selling a home AS-IS in California
selling a home AS-IS in California

Keep in mind your own objectives as a seller. Are you looking to get the most money possible? To get the house off your hands as soon as possible? Be cognizant, though, that buyers will have their own objectives, and buying a house in as-is condition might not be one of them. Familiarize yourself fully with the problems from which the property suffers and the cost and nature of the repairs those problems require. This will allow you to anticipate potential objections from buyers.

Selling a house in bad shape come with inherent problems

Selling a house is never easy, and selling a house that is in poor shape increases exponentially the number of problems and challenges that you will face. Be prepared to encounter some of the following problems that are particular to selling properties in disrepair:

• Depreciated Value: Probably the most important and difficult problem accompanying selling a house in poor shape is accepting the fact that you are going to end up in a weaker bargaining position with buyers and their agents. If your property is of low quality, it is going to earn fewer bids—perhaps even just one offer, if any at all—which means that your hands might be tied when it comes to deciding on the price.

• Realtor Reluctance: Real estate agents earn their income as a percentage commission from the sale of properties that they represent. For this reason, most realtors are incentivized to sell properties that are in good condition or that can realize a price that best rewards them for their time marketing it. If you are selling a house that needs major work, be prepared for real estate agents to show hesitancy about taking on your sale or to devote a bare minimum of time in helping you through the process of selling.

• Delay After Delay: If you have ever had work done on your house, you probably know the old adage that you should expect it to take twice as long and cost twice as much as you originally expected. The additional cost is bad enough, but the increased amount of time before you can sell the property is also especially risky. The real estate market moves fast—particularly in Southern California—which means that buyers are not going to wait around for you to finish work that needs to be done.

When it comes to selling a house in bad shape, spending time means likely losing (more) money. Unfortunately, if you choose not to have work done and simply sell the house “as-is”, you are also going to have to be prepared for delays: properties that are listed “as-is” take, on average, six months to a year longer to sell than comparable properties that are in good condition.

What determines that a house is in bad condition?

There are some repairs that can be done to a house to help it sell and that are relatively quick, cheap, and easy. Often these are fixes that owners can make themselves, or even simply cleaning, replacing broken windows, repainting, changing carpets, and so forth. But other problems go beyond mere do-it-yourself projects and require contracting with licensed, insured professionals. The following are some of the more substantial problems that indicate that a house is suffering from poor conditions:

  • Roof replacement or repair. An old or damaged roof, including underlayment and flashing, can lead to water damage, which itself can lead to additional structural damage.
  • Electrical wiring. Old or bad wiring is a major safety hazard and can also be a fire hazard.
  • Visible structural damage. Events such as flooding, fire, earthquakes, etc. can produce visible cracks, holes, and other forms of damage to load-bearing walls, floors, foundations, and roofs.
  • Plumbing. Pipes that are made of lead or other toxic materials must be remove, and older pipes are at risk of bursting and introducing water damage and mold growth into the property.
  • Foundation damage. If the foundation needs repairs, a house may need jacking and piering—a costly and major process.

Evaluating the condition of the property

Often you can tell from a simple visual inspection if your house is in need of a major repair. Some problems, however, might not be immediately visible; this includes some problems that can be particularly dangerous, and costly. Seek out the services of two or three experienced, licensed inspection professionals and arrange to have them tour your property at different times. Make sure that they check the basement or crawl space, the attic and roof, any chimneys, and any structures that are part of the property but not the house itself.

You can then use these inspection reports to get competing quotes from contractors for the cost of the work that needs to be done. Your goal is to get as complete a picture as possible so you can be in a good position to draw up your cost-benefit analysis.

Be ready for buyer objections

If, after going through the inspection process and getting quotes from contractors, you decide to sell your house “as-is”, use the inspection reports to prepare for the specific complaints that buyers may have about the property. Use the contractors’ quotes to prepare for the monetary value that those complaints will cost you.

All in all, then, selling a house that suffers from poor conditions is expensive, risky, and slow. Fortunately, if you want to get the best possible price for your house, there is an excellent option. Seller’s Advantage can provide a quick, hassle-free cash offer for your house, without prolonged and costly negotiations for repairs, and you can close in just ten to fourteen days in Los Angeles, Ventura, Costa Mesa and Riverside. The process is simple and starts by just filling out the Seller’s Advantage online form for a free, no-obligation quote. You’ll hear back with the next steps to get your estimate, and eventually your offer, within 24 hours.